Southwest Airlines (LUV) Retained Earnings (2009 - 2026)
Southwest Airlines posted quarterly Retained Earnings of -$1.0 million for Q1 2026, down 100.01% year-on-year from $16.1 billion in Q1 2025, and down 100.01% on a QoQ basis from $16.4 billion in Q4 2025.
Southwest Airlines (LUV) has 18 years of Retained Earnings data on file, last reported at -$1.0 million in Q1 2026.
- For the quarter ending Q1 2026, Retained Earnings fell 100.01% year-over-year to -$1.0 million; the trailing twelve-month figure through Mar 2026 stood at -$1.0 million (down 100.01% YoY), and the FY2025 full-year result was $16.4 billion, changed 0.34% from the prior year.
- Retained Earnings for Q1 2026 stood at -$1.0 million, down from $16.4 billion in the prior quarter.
- Across five years, Retained Earnings topped out at $16.6 billion in Q3 2022 and bottomed at -$37.0 million in Q3 2024.
- The 5-year median for Retained Earnings is $8.2 billion (2022), against an average of $8.2 billion.
- The widest annual swing landed in 2024, when Retained Earnings plunged 118.41%; it then soared 84531.58% in 2025.
- A 5-year view of Retained Earnings shows it stood at $344.0 million in 2022, then sank by 41.57% to $201.0 million in 2023, then jumped by 8025.37% to $16.3 billion in 2024, then rose by 0.34% to $16.4 billion in 2025, then sank by 100.01% to -$1.0 million in 2026.
- The last three Retained Earnings figures came in at -$1.0 million (Q1 2026), $16.4 billion (Q4 2025), and $16.2 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Delta Air Lines | 53.78 Bn | 48.72 Bn | 15.19 Bn | 12.93 Bn |
| 2 | Southwest Airlines | 21.39 Bn | 18.06 Bn | 6.21 Bn | -1.00 Mn |
| 3 | Grupo Aeromexico, S.A.B. de C.V | 18.50 Bn | 17.47 Bn | -239.00 Mn | - |
| 4 | Controladora Vuela Compania de Aviacion, S.A.B. de C.V | 8.98 Bn | 8.98 Bn | - | -197.00 Mn |
| 5 | Alaska Air | 5.26 Bn | 3.49 Bn | 3.20 Bn | -176.00 Mn |
| 6 | Skywest | 3.43 Bn | 2.80 Bn | 924.11 Mn | -366,000.00 |
| 7 | Copa Holdings | 3.33 Bn | 1.99 Bn | 713.71 Mn | -15.94 Mn |
| 8 | Jetblue Airways | 2.03 Bn | -140.72 Mn | 1.87 Bn | 398.00 Mn |
| 9 | Allegiant Travel | 1.67 Bn | 765.78 Mn | 651.87 Mn | 3.40 Mn |
| 10 | Frontier Group Holdings | 1.39 Bn | 618.26 Mn | 724.00 Mn | -5.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -1.00 Mn |
| Dec 31, 2025 | 16.39 Bn |
| Sep 30, 2025 | 16.16 Bn |
| Jun 30, 2025 | -35.00 Mn |
| Mar 31, 2025 | 16.08 Bn |
| Dec 31, 2024 | 16.33 Bn |
| Sep 30, 2024 | -37.00 Mn |
| Jun 30, 2024 | 16.22 Bn |
| Mar 31, 2024 | 19.00 Mn |
| Sep 30, 2023 | 201.00 Mn |
| Jun 30, 2023 | 58.00 Mn |
| Mar 31, 2023 | 16.00 Bn |
| Dec 31, 2022 | 344.00 Mn |
| Sep 30, 2022 | 16.59 Bn |
| Jun 30, 2022 | 805.00 Mn |
| Mar 31, 2022 | 15.55 Bn |
| Dec 31, 2021 | 15.77 Bn |
| Sep 30, 2021 | 15.71 Bn |
| Jun 30, 2021 | 15.26 Bn |
| Mar 31, 2021 | -60.00 Mn |
| Dec 31, 2020 | -105.00 Mn |
| Sep 30, 2020 | -102.00 Mn |
| Jun 30, 2020 | -130.00 Mn |
| Mar 31, 2020 | 17.76 Bn |
| Dec 31, 2019 | -61.00 Mn |
| Sep 30, 2019 | 17.53 Bn |
| Jun 30, 2019 | 30.00 Mn |
| Mar 31, 2019 | 96.00 Mn |
| Dec 31, 2018 | 20.00 Mn |
| Sep 30, 2018 | 15.40 Bn |
| Jun 30, 2018 | 298.00 Mn |
| Mar 31, 2018 | 78.00 Mn |
| Dec 31, 2017 | 13.83 Bn |
| Sep 30, 2017 | -136.00 Mn |
| Jun 30, 2017 | -263.00 Mn |
| Mar 31, 2017 | 11.71 Bn |
| Dec 31, 2016 | -323.00 Mn |
| Sep 30, 2016 | 10.96 Bn |
| Jun 30, 2016 | -628.00 Mn |
| Mar 31, 2016 | 9.87 Bn |
| Dec 31, 2015 | -1.05 Bn |
| Sep 30, 2015 | -903.00 Mn |
| Jun 30, 2015 | -664.00 Mn |
| Mar 31, 2015 | 41.00 Mn |
| Dec 31, 2014 | -738.00 Mn |
| Sep 30, 2014 | -92.00 Mn |
| Jun 30, 2014 | -66.00 Mn |
| Mar 31, 2014 | 6.56 Bn |
| Dec 31, 2013 | -3.00 Mn |
| Sep 30, 2013 | 6.25 Bn |
| Jun 30, 2013 | -3.00 Mn |
| Mar 31, 2013 | 11.00 Mn |
| Dec 31, 2012 | 26.00 Mn |
| Sep 30, 2012 | 5.70 Bn |
| Jun 30, 2012 | -320.00 Mn |
| Mar 31, 2012 | -57.00 Mn |
| Dec 31, 2011 | 140.00 Mn |
| Sep 30, 2011 | -513.00 Mn |
| Jun 30, 2011 | -107.00 Mn |
| Mar 31, 2011 | 79.00 |
| Dec 31, 2010 | -262.00 Mn |
| Sep 30, 2010 | 5.27 Bn |
| Jun 30, 2010 | -641.00 Mn |
| Mar 31, 2010 | -518.00 Mn |
| Dec 31, 2009 | -578.00 Mn |
| Sep 30, 2009 | 4.88 Bn |
| Jun 30, 2009 | -797.00 Mn |
| Mar 31, 2009 | 4.82 Bn |